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If you are over 64, Oregon allows a special medical deduction for some taxpayers. Some Casualty and Theft Losses. BEGINNING IN 2018, ONLY LOSSES DUE TO AN EVENT OFFICIALLY DECLARED A DISASTER BY THE PRESIDENT OF THE UNITED STATES WILL QUALIFY TO BE DEDUCTED.
Medical Expenses and Oregon Taxes. Oregon was the only state in the nation that allowed anyone 62 or older to combine state and federal rules to deduct the full cost of their medical expenses on their taxes. That changed in 2013 when the special session of the legislature changed the deduction to subtraction. Here are the new regs:
For taxpayers who DO NOT itemize for Oregon, or who itemize for BOTH federal and state: enter the actual expense numbers shown on lines 3 and 4 below for Taxpayer and Spouse medical expenses on the Special Oregon Medical Subtraction worksheet in Tax Slayer.
The Workers’ Compensation Division (WCD) administers, regulates, and enforces the laws and administrative rules governing the Oregon workers’ compensation system.
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The special medical deduction which you are trying to claim for taxpayers who are over the age of 62 cannot be claimed on the short form (Form 40S). In order to claim this deduction, you must file the regular full form 40, and you must itemize your Oregon deductions. There is a special line #22 where this deduction is taken.
· Calling all commuters! The IRS recently announced the 2018 “standard mileage rates”. Whenever you drive for business, medical reasons, or in support of a charitable organization, you may be able to get a mileage deduction and save money on your taxes.
It states that no deductions should be allowed on any amount “in carrying. Ten states – California, Alaska, Colorado, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington – and.
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Deductions $2,270 95% are mortgage interest, property taxes, charities, and medical expenses Oregon Subtractions $1,797 92% are federal tax, Social Security, federal pensions, and elderly medical expenses Credits $1,679 82% are the personal exemption credit and the former business energy tax credit.
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And as leaders in each chamber grapple with difficult trade-offs on tax rates, deductions and deficits. would allow companies to immediately deduct all capital investments in 2018. Companies would.
Laura Litvan and Ari Natter Democrats Try to Push Republicans on Deficit (12:37 p.m.) The Ways and Means Committee considered an amendment by Representative Earl Blumenauer, an Oregon. itemized.